While it's true that you may find lower pricing at your bank, if you're like most small businesses, you may not qualify. That said, pricing of the products we market is competitive with other alternative finance companies, and our process is fast—funds can be sent as fast as the next business day.
Yes, a one-time origination fee is collected at time of funding the Term Loan. This small fee helps recover costs associated with processing, underwriting and servicing for your new loan contract.
For Term Loan the origination fee is 3% of the principal/funded amount and is automatically deducted from your business bank account the day after funding.
For MCA, there is a $595 Administration Fee.
It may not matter. At CAN Capital, the criteria for funding eligibility includes the performance of your business. We're all about building long-term relationships with business owners - like you - who have the know-how to grow their businesses, but need the funds to make it happen.
Once your business is approved, the funds will be sent to your business account as fast as the next business day.
We offer access to customized funding options from $2,500 to $250,000± per location. When you apply through your broker, they can tell you how much your business could qualify for, and there’s no obligation.
±This is an invitation to apply (applicants must meet certain eligibility requirements) and not an offer or commitment to provide access to capital. Restrictions apply.
With CAN Capital, you have the freedom to use the funds in your business—for taxes, payroll, inventory, marketing and advertising, business expansion and so much more—almost any business need! You’re the boss, so you make the call.
We work with an array of businesses nationwide—from dental offices and climbing gyms to restaurants and coffee shops, nail salons, automotive repair shops, plus hundreds more! Our customers range in size from at least $100,000 in revenue to multiple-location businesses with millions in revenue.
Term Loans and MCAs offered through CAN Capital range from $2,500 - $250,000. Term Loan offers terms that range from 6 months to 18 months. With MCA, terms^^ and payment amounts adjust with your payment card sales.
^^The estimated turn of a MCA is the period of time estimated, at underwriting, that it will take to collect the total amount of future receivables that it purchases of the business's daily card sales. MCA turn can only be an estimate because the dollar amount collected against the total receivables on any given day fluctuates with the business' fluctuating card sales volumes, and MCA has no set term, maturity date or fixed or minimum payment amounts.